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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: the_wheel who wrote (8044)	8/31/2001 3:15:29 PM
From: elmatador	Read Replies (2) \| Respond to of 74559

<<``In such circumstances, differences in the propensities to consume out of the capital gains and losses on different types of assets could have significant implications for aggregate demand,'' he said. Translation: The economy will be in deep shit if -as a result of the bubbles deflation- the consumer will not have those 3-5 and 10-15 cents ro spend in good and services. Funny, did he mention anything about INVESTMENT and GOVERNMENT EXPENDITURES which are also included in the aggregated demand? EL ECONOMISTA